Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases including yield farming, DEX trading, and powering the gig economy via DApps that offer cheap and fast micropayments.
As the world moves forward to a robust IoV, it is essential to have a new infrastructure layer where decentralized applications are managed by community members. Web 3.0 needs to evolve to address and eliminate technical as well as organizational limitations.
MetisDAO’s architecture is built to solve these significant concerns, and also address payment cost and network performance. The focus is on giving a solution to implement operational output activities (collaborations) on the blockchain to form the backbone of Web 3.0 economy’s functionality.
Blockchain will increasingly change how businesses operate in various industries and sectors, but this disruptive technology will undoubtedly continue to face legal and regulatory challenges as it becomes more widely accepted.
Smart contracts and DApps, in particular, will face an increase in legal scrutiny as the Federal and state government begin to establish legal standards. Blockchain, as a whole, will likely experience an added level of scrutiny as states around the US establish their own state data privacy laws like California (CCPA) and Virginia.
Discourse surrounding blockchain has steadily been moving toward applications and potential uses across a range of industries. At this stage, people have accepted that cryptocurrency is simply one application of blockchain and that the underlying technology that makes bitcoin possible is now moving on to other institutions.
Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world.
The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are pre-written into code.
PRESS RELEASE. On December 21st, 2020, the Nexus Protocol white paper was released. The new internet will be driven by a blockchain-based operating system (LX-OS) and communications protocol (Nexus Protocol), that will be connected by a distributed satellite-based mesh network. The white paper contains technical specifications and mathematical models that showcase and prove the viability, value proposition, and practicality of this novel architectural framework.
It’s time for businesses to transition towards decentralized applications to improve enterprise operations and consumer offerings.
Along with the rapid technological changes that we’ve been witnessing in recent years, there is also an ideological shift that is sweeping across not just the world of technology but the world in general. We’re steadily transitioning from a place where centralization was the norm to a future that promises unprecedented decentralization and democratization. With the rise of mobile computing, blockchain, and edge computing, the global push for distribution of control seems unavoidable. And the recent emergence of decentralized applications or DApps is the latest manifestation of this trend.
The Lead Developer of the Swarm team, Viktor Trón, has announced the immediate release and deployment to the public testnet of Ethereum’s Swarm client v0.3, which represents the third proof-of-concept (POC3) installment of this tool.
Decentralized Technologies like Ethereum, Swarm, and Whisper, which Trón calls “The Holy Trinity”, will revolutionize how we share information, who owns it, and who can profit from it. However, there is still a lot to accomplish before this is possible.
Ben Dickson, Crunch Network
“The biggest challenge for supercomputing is the demand to compress time,” says Jerry Cuomo, vice president of Blockchain for Business at IBM. “Business processes must now be completed at a significantly faster pace than before. The result is that the demand for computing power is increasing exponentially.”
The peer-to-peer nature of the blockchain and distributed ledgers will also help move computation closer to where the data is being generated, and avoid bottleneck round-trips to cloud servers.